It also sources a ton of terrible data that's been completely disproven.
Crypto-trading thread
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Last: 2 days ago by Yukon Cornelius
Adverse Event said:
It also sources a ton of terrible data that's been completely disproven.
Yrs, but that incorrect data has nothing to do with my statement on how IOG planned for everything the world and crypto space is currently facing.
Development is not stopping on Cardano during bear cycles or macro economic downturns. Additionally, they knew compliance and regulations were coming so they planned for it ahead of time.
How Cardano was conceived and designed makes adaptability easy and an afterthought.
I am currently accumulating lots of ADA, ONE, GALA, and ALGO....dipped into storage tokens with SIA as a gamble that their method of consumer focus pays off and they raise funds,
and some into Arweave . Almost bought some Storj. Data storage and gaming will be big next cycle as we move closer to Web3.
https://medium.com/@nic__carter/comments-on-the-white-house-report-on-the-climate-implications-of-crypto-mining-8d65d30ec942
For those interested in actual research not from a propaganda arm of the democratic party, and not with 27 references to a comment in a journal thats been throughly disproven and completely biased.
The OSTP is pathetic for what they put out.
For those interested in actual research not from a propaganda arm of the democratic party, and not with 27 references to a comment in a journal thats been throughly disproven and completely biased.
The OSTP is pathetic for what they put out.
Quote:
Think of it this way. If a new industry came along tomorrow with the following properties:
It consumes energy, but it doesn't matter where that energy is produced
It is fully digital, so requires no physical infrastructure aside from electricity, transformers, and a datacenter
It is completely interruptible, and can be curtailed fully at any time, so it could be fully offline whenever the grid needs it (a feature that renewable grids increasingly require)
Because it's fully digital, it can be rendered as sustainable as its electricity inputs, and indeed, by most measures, it appears to be more sustainable than any single other heavy industry in the US
It renders a service giving property rights to the entire world
It buys up low or negatively-priced renewable energy, vastly improving the economics of new and existing renewable projects that would otherwise not be able to monetize
If the industry goes away, the infrastructure built could be repurposed for other location-agnostic uses, like the generation of green hydrogen, a key part of the renewable transition
It mitigates emissions associated with unavoidable gas flaring, a byproduct of oil extraction
It rebuilds a high-energy infrastructure in the heartland of America, laying the groundwork for a desperately needed reshoring of industrial capacity
If you ban it, its aggregate emissions will go up. If you embrace it, its aggregate emissions will go down
If you ban it, you empower your enemies, like Russia, Iran, Venezuela, and North Korea.
If you embrace it, you directly hurt them, and give their citizens tools to free themselves from those oppressive regimes.
It represents tens of billions of equity value and offers a massive tax windfall to states that can sell their otherwise unsold energy to the producers of this product
… would you ban this industry? Or would you embrace it?
Alright.
Did we have any hexicans in this thread?
Also, if you have money on FTX I'd move it ASAP.
Did we have any hexicans in this thread?
Also, if you have money on FTX I'd move it ASAP.
CZ vs. SBF is interesting drama. Except it's also tanking my SOL
It's likely just starting. FTX just halted withdrawals.
— Faisal (@RealMentalist) November 8, 2022
ac04 said:
binance buying FTX. ****coinery takes down another billionaire.
"Billionaire"
The ****coin space is such a house of cards.
is FTX like a coinbase storage of coins?
at this point everyone should keep their coins in a wallet
at this point everyone should keep their coins in a wallet
It's not drama between Binance (CZ) and FTX (SBF). It is more than just them. The word is out, has been, that SBF is a dem scumbag in bed with dem politicians trying to create (force) a nationak bit license. They want to freeze everyone out and take control.
LatinAggie1997 said:
It's not drama between Binance (CZ) and FTX (SBF). It is more than just them. The word is out, has been, that SBF is a dem scumbag in bed with dem politicians trying to create (force) a nationak bit license. They want to freeze everyone out and take control.
He needs to be in handcuffs soon.
Well, crap. This is not good.
seems like a strange business model where one company needs to step in to stop another one from going bankrupt.TxAG#2011 said:
Well, crap. This is not good.
does Wendy's offer free money to McDonalds to ensure their financial success?
One company owned almost a billion dollars of the other one
And was liquidating their position
And was liquidating their position
Bought BTC at $17.9k. Today is a good day. Ready to buy more on the way down. Lets goooooo
sounds like everything is going swimmingly
"Coinbase, one of the largest cryptocurrency exchanges, says it's monitoring a fix for a partial outage that affected its website and app for around two hours on Tuesday. According to the company's status page, users experienced difficulties logging in or loading pages and while the rest of the company's infrastructure wasn't affected, the easiest ways to use those services were cut off.
Coinbase announced on Twitter that it was having network connectivity issues at around 12:39PM ET and announced that a fix was being implemented around an hour and a half later. Around 3PM ET, the company announced that the fix had been implemented, and it was monitoring to make sure it was working."
"Coinbase, one of the largest cryptocurrency exchanges, says it's monitoring a fix for a partial outage that affected its website and app for around two hours on Tuesday. According to the company's status page, users experienced difficulties logging in or loading pages and while the rest of the company's infrastructure wasn't affected, the easiest ways to use those services were cut off.
Coinbase announced on Twitter that it was having network connectivity issues at around 12:39PM ET and announced that a fix was being implemented around an hour and a half later. Around 3PM ET, the company announced that the fix had been implemented, and it was monitoring to make sure it was working."
The company stepping in literally nuked the other one then swooped in to buy it for pennies on the dollar.LMCane said:seems like a strange business model where one company needs to step in to stop another one from going bankrupt.TxAG#2011 said:
Well, crap. This is not good.
does Wendy's offer free money to McDonalds to ensure their financial success?
The lack of stress that comes with having 100% of one's digital asset stack in one technology, that happens to beimmutable, finite, and censorship resistant, and under self custody is invaluable on days like today.
AggieMainland said:
Bought BTC at $17.9k. Today is a good day. Ready to buy more on the way down. Lets goooooo
Here within the foreseeable future BTC gonna drop maybe as low as 10/12k or maybe only to 15/16000 so prepare your cash
Marsh said:
If this is the beginning of the next down cycle...
When I made this post in early December 2021, many of the coins were on their second high after peaking in November; obviously, significant drops since then with many "buying" opportunities.
Sounds familiar over the last 10 months or so... Down cycles are fun.Quote:
(1) There were points in May and June where I didn't even open my portfolio because of how far negative I was (50% at one point...). I over committed and lost my butt.
I was proud of myself for taking out at least 50% of my portfolio at this point but I re-invested it too soon (even re-investing when coins dropped 20-25% depleted my funds pretty quickly with how much many fell over the past year). Just goes to show that we are still not past the point of some coins taking 90%+ value drops (looking at you SOL and ADA!) from ATH.Quote:
(2) just because you sell, doesn't mean you need to reinvest that money immediately. As of a week ago, 50% of my portfolio had been converted to cash.
All that said, I am honestly pretty shocked that we've been in a down cycle this long; however, I do think we are close to the bottom. My guess is within the next month or two, we'll see the bottom.
- I think we've got ~10% left to fall on the two majors (BTC & ETH); I doubt I'll put much of anything in BTC but I do think ETH will touch close to $1,000 again (I missed the <$1,000 ETH in June, unfortunately)
- I think several minor coins have a bit more to drop, too. These include ATOM, NMR, AAVE & LTC
- For current buying, I like ENJ, LINK, ADA & SOL
Good luck to all. Obviously this is not science, financial advise or even a recommendation. It is all a guess at this point.
Nice to have money saved up for buying opportunities that we are seeing across so many avenues (including crypto!), though!
Binance may bail on the FTX deal. Getting uglier. This feels a bit different than a lot of the other catastrophes. Consumer sentiment is bad right now. Not saying it's the end of crypto but this is the lowest point in its history. Absolute clownshow.
Only trust Selfish Billionaires. https://t.co/XNvGzeA2dH
— 🔴₿RITISH HODL (@BritishHodl) November 9, 2022
Lolol
I wonder why would crypto prices be decreasing? Unless the collateralized assets were other cryptos and both sides are needing to create liquidity. Ugly problem for the sector
never trust vegans with ***** tits
The next BTC halving is April 2024. You all have until roughly 6 months before then to accumulate on the cheap.
The macro ****coin cycles are generally pegged with the movements of BTC. I'd expect the a similar pattern to be applicable barring major regulatory changes or FTX/LUNA/3AC like events.
The macro ****coin cycles are generally pegged with the movements of BTC. I'd expect the a similar pattern to be applicable barring major regulatory changes or FTX/LUNA/3AC like events.
There are going to be massive regulatory changes. This is a disaster.
ac04 said:
regulatory changes are needed. 99% of the garbage in this space are unregistered securities and complete scams.
Agreed, that regulations are needed. However, regulations created by a new body that truly and deeply understands all aspects of blockchain and digital assets. There are different ecosystems with different tech and protocols trying
ro solve different problems and perform different functions. The SEC regulating digital assets is like a boxing judge trying to referee an MMA match.
Not vested with FTX - more interested in the CRV federation, ETH and BTC. Have systems running doing POKT RFC layer - that's interesting. However, it is getting frustrating with all the rug pulls. FTX is concerning as that was all pumped via advertising and more mainstream. Ugh.
Luckily the SEC is skilled at regulating tech companies trying to solve different problems and performing different functions.LatinAggie1997 said:Agreed, that regulations are needed. However, regulations created by a new body that truly and deeply understands all aspects of blockchain and digital assets. There are different ecosystems with different tech and protocols trying to solve different problems and perform different functions. The SEC regulating digital assets is like a boxing judge trying to referee an MMA match.ac04 said:
regulatory changes are needed. 99% of the garbage in this space are unregistered securities and complete scams.
If you want to debate the need for the SEC in general and the requirement for publicly traded offerings to abide by certain rules and make certain disclosures, that's a separate conversation. But in the world as it will exist for the foreseeable future, the SEC isn't going anywhere.
The Lummis-Hildebrand bill was likely the best shot that PoS alts were ever going to have to avoid security designation. Today, those two should be ridiculed and ashamed of themselves for taking SBF's money to write a bill based on his vision.
After everything that's gone on the past few days, no congressman will or should go to bat for "crypto". Any new legislation that pops up should be much more inhibiting than facilitating for non-Bitcoin digital assets.
So sitting here today, the rules are the rules. Some big cases are yet to be decided, but the early returns aren't good for "cryptos" trying to avoid security designation via judicial interpretation of the Howey Test.
IMO, Charles/IOHK and other presumably non-scam tokens with good-faith endeavors should accept this reality and a competitive advantage can be gained for first movers into the security space.
Security designation isn't a ticket to failure. Some tokens can and will continue to innovate and succeed. It will just be done in a more fair and transparent environment where it's easier to hold bad actors accountable. It will require more administrative G&A but Charles/IOHK can afford it.
Once you're under the SEC umbrella (especially if you're a first mover), I think you'll find Gensler to be much more knowledgeable and reasonable on the subjects of "blockchain and digital assets" than most alt-bros portray (who have likely never listened to him talk or looked into his credentials).
I disagree. The SEC shouldn't be anywhere near digital assets. I would much rather crypto fall under the CFTC if a new regulatory body isn't formed.
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